Capital Change Notice – issue of securities under LTI Plan

Capital Change Notice

Updated as at 17 October 2019
1 July 2024

Notice of issue of ordinary shares under Precinct Properties’ Long Term Incentive Plan

This notice is given under NZX Listing Rules 3.13.1 and 3.15.2 and relates to the vesting of
Restricted Share Rights under Precinct Properties' Long Term Incentive Plan (LTI Plan) under
which fully paid ordinary shares in Precinct Properties Group are issued on vesting of those
Restricted Share Rights.

Section 1: Issuer information
Name of issuer Precinct Properties Group
NZX ticker code PCT
Class of financial product A stapled security comprising
one ordinary share in Precinct
Properties New Zealand
Limited (PPNZ) and one
ordinary share in Precinct
Properties Investments Limited
(PPIL), stapled so that they
may only be dealt with as a
single equity security (a
Stapled Security).
ISIN (If unknown, check on NZX website) NZAPTE0001S3
Currency New Zealand Dollars
Section 2: Capital change details
Number issued/acquired/redeemed 73,260 Stapled Securities
Nominal value (if any) N/A
Issue/acquisition/redemption price per security Upon the vesting of Restricted
Share Rights under the LTI
Plan (see details above), the
holder is entitled to one
Stapled Security for no cash
payment.
Nature of the payment (for example, cash or other
consideration)
N/A
Amount paid up (if not in full) Fully paid
Percentage of total class of Financial Products
issued/acquired/redeemed/ (calculated on the number of
Financial Products of the Class, excluding any Treasury Stock,
in existence)
1

0.0046%
For an issue of Convertible Financial Products or Options, the
principal terms of Conversion (for example the Conversion
price and Conversion date and the ranking of the Financial
N/A

1
The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.

Product in relation to other Classes of Financial Product) or the
Option (for example, the exercise price and exercise date)
Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
Vesting of 73,260 Restricted
Share Rights under the LTI
Plan (see details above).
Authorised by a board
resolution dated 11 June 2021.
Total number of Financial Products of the Class after the
issue/acquisition/redemption/Conversion (excluding Treasury
Stock) and the total number of Financial Products of the Class
held as Treasury Stock after the issue/acquisition/redemption.
1,586,425,802 Stapled
Securities

There is no treasury stock.
In the case of an acquisition of shares, whether those shares
are to be held as treasury stock
No
Specific authority for the issue, acquisition, or redemption,
including a reference to the rule pursuant to which the issue,
acquisition, or redemption is made
Board resolution dated 11
June 2021

NZX Listing Rule 4.6.1
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
Listed Stapled Securities
ranking equally with the
existing Stapled Securities on
issue in Precinct Properties
Group
Date of issue/acquisition/redemption
2
1/07/2024
Section 3: NZ Listing Rule 3.15.2 – Additional Details for Conversion of Financial Products
into Quoted Financial Products
Number of Financial Products converted and the number and
class of Quoted Financial Products into which they have been
converted
73,260 Restricted Share Rights
have been converted into
73,260 Stapled Securities
Interest or dividend conditions attaching to the Financial
Products into which they have been converted
None
Number of Financial Products of the same class remaining to
be converted
279,329 Restricted Share
Rights
Section 4: Authority for this announcement and contact person
Name of person

authorised to make this announcement
Louise Rooney

General Counsel & Company
Secretary
Contact person for this announcement Louise Rooney
Contact phone number (09) 222 0070
Contact email address louise.rooney@precinct.co.nz
Date of release through MAP

1/07/2024


2
Continuous issuers using this form in reliance on Rule 3.13.2, please indicate the period during which the relevant
issue/acquisition/redemptions were made (for example, 1 January 2019 to 31 January 2019).